PepsiCo's Mixed Q4 Earnings: Revenue Misses, Profit Beats, and Stock Dips
PepsiCo reported a rare revenue miss due to weakness in its North America businesses, causing its stock to slump. However, the company's quarterly profit beat expectations, and it announced a 7% increase in its annual dividend. Despite the revenue decline, net income jumped, and the company expects organic revenue growth of at least 4% for 2024.